Provident Bank New York Expands Commercial Banking Teams in New Jersey

Peter J. Dawson Joins Provident Bank as Senior Managing Director

MONTEBELLO, NY--(Marketwire - Aug 28, 2012) - Provident Bank, a subsidiary of Provident New York Bancorp (NYSE: PBNY), announced it hired Peter J. Dawson to lead a new Commercial Banking team in New Jersey. Peter joins the firm as Senior Managing Director and will be responsible for leading the team to build and cultivate commercial relationships. The addition of this team in New Jersey brings the total number of Provident Bank teams dedicated to serving the needs of businesses throughout the greater New York metropolitan area to 16. This new team will operate under the PBNY Bank name out of the Paramus office. "Peter brings to Provident Bank an impressive record of success in developing and managing middle market clients, including specialty markets such as health care, law, and accounting," said Carl Capuano, Senior Vice President, Commercial Market Leader.

Mr. Dawson has over 25 years in banking and most recently served as a Regional Commercial Executive for HSBC where he was responsible for managing the Middle Market in New York City and New Jersey, while also developing a National Health Care Group, a Municipal Bond Program, and a National Professionals Group focusing on law firms and CPAs. Peter has spent his entire career dedicated to middle market clients in New York and New Jersey and is a native of Bergen County.

"New Jersey is an important growth market for us and we are pleased to have Peter Dawson join our Commercial Banking team," said Jim Peoples, Central Market President for Provident Bank.

Headquartered in Montebello, N.Y., Provident Bank, with $3.6 billion in assets, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City marketplace through teams of dedicated and experienced relationship managers. Our franchise includes 37 Financial Centers. Provident Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Provident Bank Web site at www.providentbanking.com.

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